A plane of Vietravel Airlines (Photo: VNA)Hanoi (VNA) - The Vietnam Travel and MarketingTransport JSC (Vietravel) plans to equitise its Vietnam Travel Airlines Co.Ltd. (Vietravel Airlines), to boost the subsidiary’s development as the firsttravel airline in Vietnam.
In a report to be submitted to Vietravel’s annualgeneral meeting in late May, Vietravel Airlines is to be equitised in its secondyear of operations, with Vietravel holding the founding share and remaining themajority shareholder.
Amid the impact of the COVID-19 pandemic on theeconomy in Vietnam and around the world, businesses, including Vietravel, areworking to evaluate and adjust their directions, plans, and operational scale toadapt to the fluctuating business environment.
The restructuring of the operational model aims to saveresources, personnel, and costs for the reinforcement of its business strategyto overcome difficulties.
Earlier, Vietravel said that the actual day of the shareholders’meeting will be decided based on the Government’s regulations on COVID-19prevention and control.
Vietravel Airlines, the sixth carrier in Vietnam, debutedon December 26, 2020 after meeting all requirements and completing the necessaryprocedures for operating commercial flights.
Headquartered at Phu Bai International Airport in thecentral city of Hue, it aims to carry 1 million passengers in its first year ofoperations.
It is Vietnam’s newest carrier, joining Vietnam Airlines, Vietjet Air, PacificAirlines, Vasco, and Bamboo Airways. Total investment stands at 700 billion VND(30.2 million USD), its license is for 50 years, and it is set to provide bothdomestic and international air transport services./.
In a report to be submitted to Vietravel’s annualgeneral meeting in late May, Vietravel Airlines is to be equitised in its secondyear of operations, with Vietravel holding the founding share and remaining themajority shareholder.
Amid the impact of the COVID-19 pandemic on theeconomy in Vietnam and around the world, businesses, including Vietravel, areworking to evaluate and adjust their directions, plans, and operational scale toadapt to the fluctuating business environment.
The restructuring of the operational model aims to saveresources, personnel, and costs for the reinforcement of its business strategyto overcome difficulties.
Earlier, Vietravel said that the actual day of the shareholders’meeting will be decided based on the Government’s regulations on COVID-19prevention and control.
Vietravel Airlines, the sixth carrier in Vietnam, debutedon December 26, 2020 after meeting all requirements and completing the necessaryprocedures for operating commercial flights.
Headquartered at Phu Bai International Airport in thecentral city of Hue, it aims to carry 1 million passengers in its first year ofoperations.
It is Vietnam’s newest carrier, joining Vietnam Airlines, Vietjet Air, PacificAirlines, Vasco, and Bamboo Airways. Total investment stands at 700 billion VND(30.2 million USD), its license is for 50 years, and it is set to provide bothdomestic and international air transport services./.
VNA
